State Street, a top B of A shareholder, says supported Moynihan in vote

September 22, 2015 7:13 PM

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BOSTON, Sept 22 An executive for State Street Global Advisors said it voted to let Bank of America Chief Executive Brian Moynihan keep his additional title of chairman, votes that helped him retain the role at the bank's shareholder meeting held earlier on Tuesday.

Rakhi Kumar, head of corporate governance for State Street Corp's asset management arm, said in an interview that the votes were meant to allow Bank of America's board "the flexibility to chose their own leadership structure."